Business Ethics and Corporate Governance, Second Edition

ENVIRONMENTAL CONCERNS

It is well-known that contemporary environmental problems are serious, but the specific issues, consequences and priorities are vaguely defined and much less explained for people to understand the implications of these problems. However, there is a clear appreciation today than ever before that environmental quality is an important desideratum in the social and economic development of nations, and the well-being of their people.

The growth of consumerism, leading to the high rate of consumption of natural resources, is at the heart of many environmental problems. Traditionally, industry has been driven by consumer demand to produce goods efficiently, regardless of the consequences. Regulation and innovation are changing ...